Nkcfo LLC Makes New Investment in American Superconductor Co. (NASDAQ:AMSC)

Nkcfo LLC bought a new stake in shares of American Superconductor Co. (NASDAQ:AMSC) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 47,000 shares of the technology company’s stock, valued at approximately $1,158,000.

Other large investors have also recently made changes to their positions in the company. CWM LLC purchased a new position in shares of American Superconductor in the 3rd quarter worth about $57,000. Quest Partners LLC purchased a new stake in shares of American Superconductor during the third quarter valued at approximately $88,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of American Superconductor during the third quarter valued at approximately $277,000. Heck Capital Advisors LLC bought a new stake in shares of American Superconductor during the fourth quarter valued at approximately $279,000. Finally, PFG Investments LLC purchased a new position in American Superconductor in the 4th quarter worth approximately $280,000. 52.28% of the stock is currently owned by hedge funds and other institutional investors.

American Superconductor Stock Down 1.7 %

Shares of AMSC stock opened at $31.16 on Friday. The firm has a market capitalization of $1.23 billion, a PE ratio of 445.21 and a beta of 2.26. The company has a 50 day moving average price of $27.43 and a 200-day moving average price of $25.75. American Superconductor Co. has a 52 week low of $11.36 and a 52 week high of $38.02.

American Superconductor (NASDAQ:AMSC) last released its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.02. American Superconductor had a return on equity of 8.95% and a net margin of 1.64%. Analysts anticipate that American Superconductor Co. will post 0.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer lifted their target price on American Superconductor from $33.00 to $39.00 and gave the stock an “outperform” rating in a report on Friday, February 7th.

American Superconductor Profile

American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates through Grid and Wind segments. The Grid segment offers products and services that enable electric utilities, industrial facilities, and renewable energy project developers to connect, transmit, and distribute power under the Gridtec Solutions brand.